Our growing brand, Squeeky’s Car Wash, currently operates facilities across the southeastern U.S.

Why We Like Car Wash

  • Large, growing, and fragmented sector where we can add value through efficient management
  • Positive demand fundamentals as consumers seek convenience and professional car care
  • Ability to generate recurring revenue through customer memberships
  • Very favorable depreciation treatment

Assets We Target

  • Strong risk-adjusted returns and consistent cash flows
  • Attractive basis at a discount to replacement cost
  • Located in desirable markets with strong demographics and low competition
  • Express tunnel car washes and strong membership bases
  • In markets where Andover operates other assets and has premium market intel
  • Value add potential through efficient management

1IRR and MOIC shown are net of all Andover fees but prior to any Andover promote. Past performance is not necessarily indicative of future results, and there can be no assurance that the company will achieve comparable results in the future. These figures include all realized investments in the Andover Properties portfolio through October 31, 2024

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